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Author Topic: I am a newbie so I want to know what season I can hold bitcoin.  (Read 2342 times)

Offline UNIVERSE

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #30 on: March 28, 2024, 11:55:24 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
For now, there is still enough time to buy Bitcoin and hold it. Because the real bullish era probably hasn't happened yet and will happen a few months after the Bitcoin halving. If you want to hold it until the next bullish era, there is no harm in buying it now, even though the price is actually quite high. But I think there is still an opportunity to make a profit. So, just monitor the market in Q4 this year or early next year. Don't miss the moment to take profits, or you will regret it. because, after that, there will be a long bearish era. And that is actually a very good time to accumulate Bitcoin again from the start.

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #30 on: March 28, 2024, 11:55:24 PM »

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #31 on: March 29, 2024, 09:54:36 AM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.

There is still time for you to buy bitcoin because, in my opinion, it is still a good choice. Just apply the DAC to save bitcoin if you really believe in it.
Don't ask what season you will buy bitcoin, because if your plan is to hold it for 5–10 years, there is no reason to ask what season, but instead buy it now to save.

You will do that for the future, you see, right? That is the purpose of long-term investment in this field of crypto space.
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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #32 on: March 29, 2024, 10:31:46 AM »
If you know you ready to hold bitcoin just not that you talking about a long-term investment, because holding Bitcoin for long would be more profitable, than holding for short-terms. There are various strategy when it come to investing in Bitcoin (hodl). So before thinking of holding you should know the various methods you can use in accumulating bitcoin.

*DCA (Dollar-cost averaging)  : I will try to put it in a simple form , this is the purchasing of bitcoin at any price interval at  a fixed time either monthly or weekly. With any fixed amount, you can even start with $10 , purchasing $10 worth of Bitcoin weekly irrespective  of the price (either whe it's low or high)  . Such method would be best for now as bitcoin price as increased. It  also help to prevent bad timing .

*Lump-sum purchasing: this means going all in at once, purchasing with large of amount  money at  once inorder to have a good head start with your accumulation, expecially for those with good cashflow. But this time around I won't encourage such methods, because using such method this time around when there's increase in price won't be nice expecially for an individual that is only interested in short-term profit ( it would like his gambling with his money). But is the best when it come to buying the dip though when you have a good cashflow.

So I would advice you start with DCAing at first in your accumulation, set aside some money (like a reserved funds) to buy the dip , during the upcoming halving they would probably be a decrease in price . So you can use that opportunity to secure a good quantity for yourself with DCA and buying the dip , to hold for the upcoming bullrun , if you're the type that really believe in Bitcoin you can hold for like 4-5 years or even more than .and before I forget always DYOR (do your own research), before engaging in any form of investment.

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Offline MRY

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #33 on: March 29, 2024, 10:58:53 AM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.

There is still time for you to buy bitcoin because, in my opinion, it is still a good choice. Just apply the DAC to save bitcoin if you really believe in it.
Don't ask what season you will buy bitcoin, because if your plan is to hold it for 5–10 years, there is no reason to ask what season, but instead buy it now to save.

You will do that for the future, you see, right? That is the purpose of long-term investment in this field of crypto space.
Of course buying Bitcoin is the best choice and Bitcoin can last up to 10 years and can even provide many benefits, all you need to do is buy Bitcoin and keep it for a very long time. Make sure you store it in an external wallet or maybe use a wallet like Electrum, don't store it on an exchange because there are many risks if you store assets on an exchange.

Offline 0t3p0t

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #34 on: March 29, 2024, 01:31:09 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
Only you can put limits on your holdings whenever you want to reap your profits. You can chose whether short term of long term holding. But long term investment is for me very profitable than short term due to the fact that you keep on holding the quantity of Bitcoins you have as we all know that price is increasing every four years.

Offline bayu7adi

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #35 on: March 29, 2024, 01:46:02 PM »
BTC Season will have an end at every moment, while at this moment, we don't know when BTC will stop printing its new ATH. What is certain is that as long as the halving has not occurred the bullish market will still continue... a sign that it will end is that a prolonged bearish market will not start and we will only realize that the BTC Season is over.

Guessing is the same as predicting, and I'm sure it can't be 100% accurate regarding what happens in the future.

Just like ATH, we will only know after the market experiences bearishness or correction... BTC Season will end after BTC prices experience bearishness and correction for a long time until there are no more green candlesticks that day.

Offline Trisha Rola

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #36 on: March 29, 2024, 06:00:16 PM »

Since its launch, bitcoin has demonstrated incredible resiliency and the potential for long-term growth, but it is also susceptible to market cycles and volatility. There have been times when prices have increased quickly, followed by notable consolidation.

Basically I want to know about investing strategy how can I earn more on trading a btc to usdt

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #36 on: March 29, 2024, 06:00:16 PM »


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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #37 on: March 29, 2024, 06:13:10 PM »
Quote
Re: I am a newbie so I want to know what season I can hold bitcoin.
Anytime except for the bull run season is a good time to hold Bitcoin.

If you want to become profitable in investing into Bitcoin, just follow these 3 steps.
1. Buy during the bear market.
2. Continue to accumulate for the next 2 years.
3. When we are in a bull market, sell all of your holdings depending on your price targets.

We've seen the crypto market having a 4-year cycle twice already. 2017 and 2021 are the year where the market is in the bull run. 2018 and 2022 are the years where we've seen the market going down significantly. If it follows the cycle, we might see Bitcoin peaking up to it's price in 2025, and we will see it entering the bear market in 2026. Now to answer your question, anytime can be a good time to hold Bitcoin except the bull run season because that's the perfect time to sell your Bitcoin that you held for a long time.

Good Luck OP, and I hope you will get profit this bull run season. :)

Offline Aanuoluwatofunmi

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #38 on: March 29, 2024, 06:38:07 PM »
Try to learn more about bitcoin first, understand the reason for the creation of bitcoin and know why you should hold bitcoin, then seek for more knowledge on the types of wallets you can use, then learn on how to invest and when to invest, this can be done by starting to learn the market speculations on bitcoin price over the years, then know the current season we are into and have a target for when the market is low in other for you to buy the dip and hold till the market rises.

Offline bhadz

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #39 on: March 29, 2024, 07:13:01 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
There is no limit for individuals on how long and how much we can hold onto Bitcoin. The only limit that it has got is with its supply. Why I am saying that there is no limit for holding bitcoin. Because look at how much the institutions are investing on it and I doubt that majority of the individuals here have got billions of dollars just like the institutions that are continually accumulating bitcoins.

Offline Faisal2202

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #40 on: March 29, 2024, 07:46:31 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
You should learn risk management, I have a good video for you,
In this video the person will teach you how you can maximize your profit but that's what everyone wants, no one wants to make strategies to take their losses to a minimum. He explains it well in the video and gives us some idea of how we should approach in any kind of market situation. I know the technique he shared is for day traders, but you can use it even if you are into holding.

I am holding funds and I find this technique good enough. Besides, you should learn some strategies on your own, and should build a profit booking scheme as well, because without one all of your funds are at risk.
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Offline SmartGold01

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #41 on: March 29, 2024, 08:33:09 PM »
Basically I want to know about investing strategy.
I think you can still go for DCA. You can begin the DCA when the price fall a little. I see that other people also advice you to use the strategy. It is a good strategy.
People don't know what op wants let say, if he is aiming at short term investment.
What is his projection or how long does he wanna hold in terms of bitcoin investment, since we can't really predicts the investment strategies of newbies. Sometimes they can be influenced by the market structure or what they sees in the market.

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #42 on: March 29, 2024, 10:35:40 PM »
Basically I want to know about investing strategy.
I think you can still go for DCA. You can begin the DCA when the price fall a little. I see that other people also advice you to use the strategy. It is a good strategy.
People don't know what op wants let say, if he is aiming at short term investment.
What is his projection or how long does he wanna hold in terms of bitcoin investment, since we can't really predicts the investment strategies of newbies. Sometimes they can be influenced by the market structure or what they sees in the market.

When the objective is short term, then things can be very different, because I know that in the long term bitcoin can give the best benefits in the world, in fact the best thing in the world is to buy bitcoin to be able to have enough money, however we are person who is always looking for money and sometimes it is better to have it quickly, but you have to be patient, at least with bitcoin you can buy and wait a long time to see the benefits, in these moments it is good to buy because it may be that we are already in a buillish rally slow, but there is, according to what I have read, bitcoin can reach and take a leap even to $200k, it is not bad at all, so it is possible, I am very optimistic, I cannot deny that I love bitcoin, and that this scenario It is very possible, if so, it does not hurt to buy because if it does not go up in 2024, then it will go up in 2025 due to all the remaining events, the halving, and also the ETF effect.
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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #43 on: March 29, 2024, 10:44:45 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?
Basically I want to know about investing strategy.
As BTC price rises, it also falls during correction periods or bear runs, if you want to buy BTC because you think the price will just continue to rise, then you are wrong and must be ready for the up and down movement in the price. However, if you want to store BTC, you have to be patient, the long term is less risky and it is profitable, day traders and short term investors bear more risk than long term investors.
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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #44 on: March 29, 2024, 11:42:13 PM »
The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?

Basically I want to know about investing strategy.
There is both pumping and dumping in the Bitcoin market. There is and will be volatility in the market. I think there may be some dumping before bitcoin market halving you can wait for that dumping market if you can buy and hold bitcoin from dumping before or after bitcoin halving then you can profit from bitcoin when the coming bull market. To learn investment strategy you have to go with the investment If you can go with the investment then you can learn investment strategy very quickly.

 

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